Crowdocracy is an open forum of the crowd, for the crowd, by the crowd that welcomes anyone who believes he / she has or wishes to claim a stake in this new crowd-empowered economy. The Crowdocracy Ranking System provides audience an instant appraisal of the best of the week in crowdfunding marketplace.
Coolest Cooler had been a top performer since it premiered on Kickstarter on July 8, 2014. This week it hits the top spot in Crowdocracy rankings. With $8.77 million already pledged, Coolest Cooler knocks out OUYA to become the 2nd most funded Kickstarter campaign ever.
With 13 more days to go reaching the $10.27 million record currently held by the Pebble watch, isn’t impossible. If Coolest Cooler builds up the required momentum for creating a new crowdfunding record is something to be watched. Check us out next week to see how Coolest Cooler navigates the next few days.
Crowdfunding investments are coming to Texas in September.
The Texas State Securities Board is in the final rule-making phase of allowing small businesses in the state to solicit up to $1 million annually from unregistered and accredited Texas investors via online crowdfunding portals.
The investors, who can invest up to $5,000 a year in portal offerings, will receive equity shares in the companies in return.
Previously, crowdfunding over the Internet through websites like Kickstarter and Indiegogo has been limited in the state to people who wanted to contribute to a company or cause without any financial return other than promotional items. Now they will receive shares in the company.
Texas will become the 13th state to allow such individual investments to be made over the Internet, Texas Securities Commissioner John Morgan said.
In the last few days of its campaign, JIBO Robot finally reaches the top spot this week.
It edged out COOLEST Cooler campaign, which is still going strong on Kickstarter. With $8.4 million already in its kitty, and 20 more days to go COOLEST is heading to a new record of sorts.
JIBO scored over COOLEST mainly because of JIBO’s social media shares and video traffic.
Another odd and surprise entry into the top ten is the Fire Squadron card game campaign at number ten. Odd, because the campaign goal was only $5, and surprise, because at the time of writing it had already raised $1,296, a full 26,000% of its goal in its first 3 days.
Fire Squadron enters top ten entirely on the strength of the disproportionately large amount raised, despite virtually non-existent social media shares. It will be interesting to see how this card game performs in the remaining 27 days.
Last week we updated our list of top Five Fastest Crowfunded Million campaigns. It was widely reported CrowdCube raised £1.2 million in a crowdfunding campaign hosted on their own website. CrowdCube’s campaign goal was reached in just 16 minutes, setting a new world record. CrowdCube, therefore, topped our list of Fastest Crowdfunded Million.
However, subsequently in a Tweet CrowdCube clarified that $1 million was actually reached in just 3 minutes.
Indiegogo is a well known pioneer in the world of crowdfunding launched back in 2008.In particular, those fundraising campaigns which support humanitarian, environmental, or other more altruistic endeavors frequently find a home on Indiegogo. Its global platform lends itself to crowdfunding campaigns the world over, and at present Indiegogo holds the distinction of hosting the highest crowdfunded total on the web, successful or not.
While establishing their presence mostly for people who have been affected by physical or financial hardship, GoFundMe has raised over $370m during its existence, primarily for causes and people instead of products. Although, Indiegogo campaigns have raised substantially more, the crowdfunding pioneer is poised for a substantial growth with $40 million venture capital raised in its latest round of funding.
THE LATEST: The daily rankings at Crowdocracy released today indicate that GoFundMe has surpassed and replaced its global and US rank from #3 to #2 at the Crowdocracy Global rankings and Crowdocracy US rankings pushing Indiegogo to third position. Crowdocracy Global ranking is estimated by averaging the global web traffic reported by Alexa and Similarweb, while Crowdocracy US ranking is the average of US web traffic as measured by Alexa, Compete and Similarweb. Outranking of Indiegogo by GoFundMe comes as a bit of surprise to most of us in the crowdfunding industry.
PREDICTIONS: While GoFundMe’s lead over Indiegogo in US ranking is sizeable, its Global lead is razor thin and it’ll not be too surprising if it’s edged out very soon by cash-rich Indiegogo. With rest of the crowdfunding sites way behind, Kickstarter, Indiegogo and GoFundMe are expected to keep ruling the crowdfunding roost at least for the rest of 2014.
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There is no force like people united in their cause. iVigil is a novel cause marketing technology that has the potential to spread virally and unite people for changing the world. iVigil launches crowdfunding campaign on Indiegogo.com
iVigil, a project conceived and developed entirely in the virtual world of LinkedIn networkers becomes world’s first venture to take the process of democratization of venture formation to the next level – crowdfunding. On Tuesday, April 17th, 2012, at 12.00PM, the iVigil crowdfunding campaign went live on Indiegogo.com, one of the leading crowdfunding platforms.
Pitched as the first ever venture of the crowd, for the crowd, by the crowd, iVigil is the first venture coming out of Crowd Innovation Ventures (Crowdocracy), a LinkedIn group of LinkedIn professionals established less than a year ago with a mission to democratize the process of venture formation in the crowd by contributing towards evolving an optimal model. On the group’s first project launch, Dr Fazal Raheman, the group manager said, “the preceding 9 months had been very hectic. We took several projects through the ideation process, and now we have at least four of them in the pipeline. All of our projects are technology based with disruptive business models. We invite all to visit our website at http://crowdocracy.org and join us in developing crowd ventures and in the process writing the new rules of crowdocracy”
There is no force like people united in their cause. iVigil is a novel cause marketing technology that has the potential to spread virally and unite people for changing the world. At least three practical implementations of the iVigil technology have been announced on www.iVigil.org website. The Indiegogo crowdfunding campaign is launched to raise funds for these initiatives.
About Crowdocracy (www.crowdocracy.org - A professional group in LinkedIn - http://linkd.in/w3423L)
Crowdocracy is a group of entrepreneurs, inventors, social media marketers committed to sharing each other’s expertise in developing and spinning off ventures in the crowd.
Qualified Co-Founders of such ventures are LinkedIn members who contribute their skills for equity in these ventures.
